Vuzix Corp Correlations
| VUZI Stock | USD 1.32 0.02 1.49% |
The correlation of Vuzix Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vuzix Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vuzix Corp Cmn moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Vuzix Corp Cmn and NYA is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vuzix Corp Cmn and NYA in the same portfolio, assuming nothing else is changed.
Vuzix |
The ability to find closely correlated positions to Vuzix Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vuzix Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vuzix Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vuzix Corp Cmn to buy it.
Moving together with Vuzix Stock
| 0.71 | UA | Under Armour C | PairCorr |
| 0.77 | VEEE | Twin Vee Powercats | PairCorr |
| 0.61 | DXYN | Dixie Group Earnings Call This Week | PairCorr |
| 0.87 | VMAR | Vision Marine Techno Financial Report 11th of July 2024 | PairCorr |
| 0.65 | VOXX | VOXX International Report 20th of May 2024 | PairCorr |
| 0.81 | ESCA | Escalade Incorporated Financial Report 14th of May 2024 | PairCorr |
| 0.76 | EZGO | EZGO Technologies | PairCorr |
Moving against Vuzix Stock
| 0.74 | VSTO | Vista Outdoor Financial Report 1st of May 2024 | PairCorr |
| 0.67 | DOGZ | Dogness International | PairCorr |
| 0.67 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.65 | WLDS | Wearable Devices | PairCorr |
| 0.63 | FEBO | Fenbo Holdings Downward Rally | PairCorr |
| 0.61 | BLD | Topbuild Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.44 | BC | Brunswick Earnings Call This Week | PairCorr |
| 0.75 | HAS | Hasbro Inc | PairCorr |
| 0.72 | GIL | Gildan Activewear Financial Report 1st of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Vuzix Stock performing well and Vuzix Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vuzix Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LPL | 1.70 | (0.43) | 0.00 | (0.59) | 0.00 | 3.64 | 11.87 | |||
| UEIC | 1.87 | 0.04 | (0.02) | (0.03) | 2.59 | 4.73 | 11.29 | |||
| VOXX | 2.66 | (0.38) | 0.00 | (2.09) | 0.00 | 5.96 | 17.49 | |||
| SONO | 1.73 | 0.06 | 0.00 | 0.32 | 2.15 | 3.45 | 22.79 | |||
| SONY | 0.88 | (0.30) | 0.00 | (0.62) | 0.00 | 1.65 | 6.21 | |||
| GPRO | 2.38 | (0.94) | 0.00 | 4.03 | 0.00 | 4.18 | 15.58 | |||
| VZIO | 1.65 | 0.55 | 0.41 | 0.90 | 0.71 | 3.44 | 26.39 | |||
| MICS | 4.77 | 0.65 | 0.12 | 0.79 | 4.42 | 16.83 | 48.36 | |||
| WLDSW | 7.98 | 0.86 | 0.06 | 0.80 | 9.59 | 28.00 | 91.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vuzix Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
Vuzix Corp Corporate Directors
Vuzix Corp corporate directors refer to members of a Vuzix Corp board of directors. The board of directors generally takes responsibility for the Vuzix Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Vuzix Corp's board members must vote for the resolution. The Vuzix Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Scott | Independent Director | Profile | |
| Paul Boris | Director | Profile | |
| Tim Boris | Director | Profile | |
| William Lee | Independent Director | Profile |
Already Invested in Vuzix Corp Cmn?
The danger of trading Vuzix Corp Cmn is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Vuzix Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Vuzix Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vuzix Corp Cmn is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Vuzix Corp Cmn offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vuzix Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vuzix Corp Cmn Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vuzix Corp Cmn Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vuzix Corp Cmn. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Vuzix Corp Cmn information on this page should be used as a complementary analysis to other Vuzix Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Vuzix Stock analysis
When running Vuzix Corp's price analysis, check to measure Vuzix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vuzix Corp is operating at the current time. Most of Vuzix Corp's value examination focuses on studying past and present price action to predict the probability of Vuzix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vuzix Corp's price. Additionally, you may evaluate how the addition of Vuzix Corp to your portfolios can decrease your overall portfolio volatility.
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |
Is Vuzix Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Vuzix Corp. If investors know Vuzix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Vuzix Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.79) | Revenue Per Share 0.191 | Quarterly Revenue Growth (0.63) | Return On Assets (0.29) | Return On Equity (0.51) |
The market value of Vuzix Corp Cmn is measured differently than its book value, which is the value of Vuzix that is recorded on the company's balance sheet. Investors also form their own opinion of Vuzix Corp's value that differs from its market value or its book value, called intrinsic value, which is Vuzix Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vuzix Corp's market value can be influenced by many factors that don't directly affect Vuzix Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vuzix Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vuzix Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vuzix Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.